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Monthly Archives: May 2016
Silly Season Starts, But Hillary Still Wins…
We are into silly season for the election. We “could” be having a substantive national conversation about the Senate races. But that’s a more-than-two-horse race and requires explanation. Besides, when was the last time we actually had a “substantive national conversation?” So … Continue reading
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Why the Market Might Go Up? Even with Vegans Starving in a Butcher Shop.
The operative term here is “MIGHT.” This is about exploring a scenario, not making a prediction. The S&P500 has been wandering around between 2000 and 2100 for the last year. With notable breakdowns in August 2015 (ChinaMacroOil blurk!!!) and January/February 2016 (“The Davos … Continue reading
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Hard Costs Hardly Understood. Financialization’s Costs Pile Up on the Soft Side. Until They Spill Over.
Goldman Sach’s unofficial motto used to be “Long-Term Greedy.” There’s a lot to commend that as a business philosophy. It implies some immediate restraint in service of longer-term gains. But like most artful things, that nuance got lost as “financialization” crept … Continue reading
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